Real Estate Taxation: A Practitioner's Guide |
From inside the book
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Page 601
... Unit Classification For purposes of the rules that apply to vacation homes and other dwelling units under Code Sec . 280A , a dwelling unit includes a house , apartment , condominium , mobile home , boat , or similar property.29 The key ...
... Unit Classification For purposes of the rules that apply to vacation homes and other dwelling units under Code Sec . 280A , a dwelling unit includes a house , apartment , condominium , mobile home , boat , or similar property.29 The key ...
Page 602
... unit is not treated as rented at a fair rental for any day on which it is used for personal purposes.3 Example : The ... unit as a residence during the year , count as personal use any day that : 35 1. The taxpayer or any other person ...
... unit is not treated as rented at a fair rental for any day on which it is used for personal purposes.3 Example : The ... unit as a residence during the year , count as personal use any day that : 35 1. The taxpayer or any other person ...
Page 618
... unit owners . ΒΆ 1911 Tax Treatment of Unit Owner Essentially , the owner of a condominium unit is treated as any other homeowner for tax purposes since the owner owns the unit outright and not indirectly through shares in a corporation ...
... unit owners . ΒΆ 1911 Tax Treatment of Unit Owner Essentially , the owner of a condominium unit is treated as any other homeowner for tax purposes since the owner owns the unit outright and not indirectly through shares in a corporation ...
Contents
THE ACQUISITION TRANSACTION | 5 |
FORM OF OWNERSHIP | 39 |
FINANCING REAL ESTATE | 81 |
Copyright | |
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Common terms and phrases
accrual acquired adjusted basis allocated alternative minimum tax amortization amount realized assets building buyer capital gain cash method CCH Dec Code Sec computing construction corporation Court debt depreciation deductions determined discussed election entity Example exchange expenses fair market value financing gain or loss gift gift tax gross income held improvements incurred individual installment obligation investment land lease acquisition costs lessee lessor liability like-kind limited partnership loan loss rules low-income housing ment Mid-Month Convention mortgage nonrecourse ordinary income owner ownership paid partner passive activity loss passive income payments percent placed in service portion purchase price qualified real estate real property tax recapture received recovery period rehabilitation rent residence S.Ct sale-leaseback seller shareholders sold spouse T.C. Memo tax purposes tax-exempt taxable income Temp tenant term tion trade or business transaction transfer treated USTC